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Bullboard - Stock Discussion Forum Nexoptic Technology Corp V.NXO

Alternate Symbol(s):  NXOPF

NexOptic Technology Corp. is a Canada-based technology company. The Company is engaged in developing artificial intelligence (AI) and imaging products, which enhance how images are either captured, processed, experienced, transferred and/or stored. It is developing technologies relating to imagery and light concentration for lens and image capture systems. The Company's primary focus is its... see more

TSXV:NXO - Post Discussion

Nexoptic Technology Corp > We're in the zone for granting of the 8MM 'set-aside' shares
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Post by AUborealis on Jun 22, 2021 3:21pm

We're in the zone for granting of the 8MM 'set-aside' shares

25% discount to the 5 day average price.

With a minimum price $0.25
Comment by Henryford on Jun 23, 2021 3:46am
Just when the warrents were exercised last year...right now...the SP just happens to be where it needs to be. Opportunity only knocks once so they say.....is know the 2nd opportunity to purchase NXO shares at a bargin price within a year....and in the meantime ,the Brothers are finally about to be ejected from NXO and the prolonged selling of shares will cease....no.more bulk soft hands stoking ...more  
Comment by Damn1212 on Jun 23, 2021 9:29am
Hey Henry  To be honest they still have 21 million shares...  Thats a lot of selling left.  They have 8 million shares set aside but thats not a done deal yet. 
Comment by AUborealis on Jun 23, 2021 10:30am
If the 'set-aside' shares were allocated now they would reduce the 3Db holdings to 'less than 10%', which is the threshold for reporting as an 'Insider'. They may still continue to vend their remaining shares...but we...and the general market... will no longer see the transactions as they will be under the reporting requirement cutoff. We're very close to that ...more  
Comment by Damn1212 on Jun 23, 2021 12:51pm
Boralis  May i ask what the reporting will change ?  They will still be putting pressure on the share price !  And im not sure weather the 8 million shares count or not in the calculation ...